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and so-called defense. would you agree that we need reform this as well, it is nothing that would save us money their? >> yeah, that's okay. i think that there are two sides of the same equation. rand paul says that we cannot cut the debt or do something to address the deficits without looking at domestic spending and four in spending. that's how we will have to compromise. would you come up from the liberals perspectives they we need to do something with the entitlement system. maybe some way to save money. >> we have done that. obamacare is deficit reduction. it quantifies specifically because a lot of it is experimental. most folks who look at this thing the main drivers of deficit and debt is excessive health care spending. he doesn't deny your health care that you need. the obamacare plan is to try on a bunch of things and see what works the best. let's learn as we go. so it strikes me as very shortsighted. even if you don't like it from the get-go, i was not onboard in 1996, we gave it a shot. in some ways, it worked better than i thought it would. but it was good to try it and see
the defense to these foia suits is something about the special diplomatic currency of nonofficial acknowledgment, that puts it in the best light. the most negative light is, um, that that kind of just allows the government to get all the upside without allowing domestic watchdog groups like the aclu to leverage the disclosure for details that matter to a lot of people about procedures, legal standards, collateral damage and the like. um, i think somewhat complicating the question of, you know, the normative question of whether this is, um, good or bad or just or not is, um, the counterfactual. you know, in a world in which there wasn't this kind of quasi-authorized or authorized talking about droneses, do we see, you know -- it's not necessarily a world of more frontal, official acknowledgment in which we're having a more pristine, you know, rich, democratic conversation about drones with more integrity. it might be a world in which there's no disclosure or far less disclosure about drones at all. so it's, i find, very vexed and difficult these kind of high-level, normative questi
it to the future in the new defense strategy as we try to work through what the rules of the different services are to the defense strategy, i almost remind everyone that going to be downsizing during this time. the army who went to beginning of county or 12 will go down to 490,000 active component by the end of 17. so we have significant deployed commitments. we are downsizing our army and now looking to the future. the main thing is we have to ensure we have the right mix. there was talk about the secretary of the army and i pay a lot of attention to. that's modernization, readiness. because in general terms, those are the drivers of our budget. you have to this imbalance. we want to learn from the lessons of past drawdown. some of the lessons is to kick it out of balance because if you get out of balance come you start to have an unready army, which leads to a hollow army. of course they talk a lot about task force smith and its impact and unprepared and assesses us to go to korea post-world war ii. we don't want that to happen again. for the secretary of the army and i have been clear that
and that is by your defense, we have to watch out for people who will inevitably make that mistake. you have to have measures in place go back and say, okay, we have to have that kind of auditing thing. >> yes, you have to assume that somebody is going to hit you eventually. it really helps to invest in understanding the tools that we practice using, what those tools look like and put in place pieces that protect them. i just got back from class on how to hack and i took my students through the toolkit, here's everything we did, here's here is what we look like coming here are things and tools that i have. so taking kind of a counter approach to understanding what is being thrown at me, what does it look like and where is the weakness, that is a important thing to. >> we need to make network of vendors of more awareness of what is out there. even the offense of toolkit,. >> one of the things that amplifies leaders in the world, that is hacking networks, let's say, just for example, nasa. hiring a guy like raphael mudge to go in and under a nondisclosure agreement from attacking it like crazy. and fi
defense of the dodd/frank act. remember the financial crisis of 2008 you read of the hundreds of millions of dollars being spent on lobbyist to repeal financial reform. they're not perfect but in place would have limited the financial crisis. basel iii capital and -- requirements and burdens were intended for our big banks would effectively put community banks out of business. interestingly enough former city group executive sandy weill interview on squawk box we should split up investment banking have banks be fed deposit takers have banks not risk the taxpayer dollars for those that are not too big to fail. sheila bair recently concluded the law clearly establishes a framework that allows financial firms to fail while preventing a broader economy and ends two big to fail. finally we could be spent all morning with mats quotes but lot of them have better words. i will conclude the system has become too complex for people to make the mistake of thinking it means the end of the discussion when it is just the beginning of a war. the question is on the table. too little? to much? just write?
was at business school for six months old when i graduated. i had no money in the bank like national defense education and student loans to repay. so i'm sure you've learned if you have liability no asset to make it if not worse. i hope you are not an basically had no choice but to go to work immediately. the very next day, february 1st 1967 i thought of my goldman sachs. on february 1st 1967, the dallas roughly 850. lo and behold, 15 years later was it okay. and i made my money by flying things that were very cheap. so our 700 of the doubt, equivalent. even though the old world market was going nowhere. i can very well appreciated scenario for the cause in need of government around the world to get the financial house in order of the next two years we can remain in environment at see we deal with the fiscal cliff, as we deal with the huge deficit issues in the market and sees a need to deal an intelligent fashion. so unprepared. you folks are young, early 20s, late teens, whatever tissue can muster another three years for this. as i said at the beginning life expectancy is 82. another three
Search Results 0 to 5 of about 6

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